Thanks to Prop 19, seniors, retirees, and all homeowners aged 55+ can move closer to family, medical care, or to a home that better meets their needs anywhere in California without a tax penalty. Prop 19 removed unfair location and price restrictions, allowing older homeowners to transfer the tax base of their home to a new home.* Millions of older homeowners feel trapped in homes that no longer meet their needs — they want to move to senior housing or retirement communities, or downsize to smaller homes. Prop 19 lets them move without a tax penalty.*
*With an adjustment upward in the tax basis if the replacement property is of greater value.